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North American Consumer Confidence Rises

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Economic anxiety knows no borders, as Canadians and Americans share similar concerns about jobs and personal finance, according to the RBC Canadian Consumer Outlook (RBC CCO) and RBC U.S. Consumer Outlook Index (RBC COI).

Despite mixed news regarding both the job markets and economy, consumer confidence remains stable on both sides of the border, with 26% of Americans and 28% of Canadians believing that their economies will improve next year, the highest levels seen in over a year.

Canadian and American residents also share concerns about their personal financial situations, with only 26% of American consumers expecting their personal financial situation to improve, down 5% from February, while 34% of Canadians share that optimism.

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